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Stock Trend Analysis Report

Prepared for you on Wednesday, May 24, 2017.

MELCOR DEVELOPMENTS LTD (TSE:MRD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

TSE_MRD
Open High Low MRD Price Change
16.20 16.20 16.20 16.20 +0.09
Entry Signal

MarketClub’s Trade Triangles for MRD

long term up The long term trend has been UP since Dec 29th, 2016 at 14.47

intermediate term down The intermediate term trend has been DOWN since May 2nd, 2017 at 16.20

short term down The short term trend has been DOWN since May 17th, 2017 at 16.25

Smart Scan Analysis for MRD

Based on a pre-defined weighted trend formula for chart analysis, MRD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for MRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.20 16.20 16.20 16.20 +0.09
Prev. Close Volume Bid Ask Time
16.2 5120 2017-05-23 09:31:54
Year High16.99Year High Date2017-04-10
Year Low13.8Year Low Date2017-02-06
52wk High16.9952wk High Date2017-04-10
52wk Low12.1652wk Low Date2016-11-17
Year End Close15.75Average Volume5,170
Volatility15.11
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